House adopts Senate budget, takes step toward tax reform

The Hill ^ | 26 Oct 17 | Y NIV ELIS AND CRISTINA MARCOS

[Neoliberalnot]

All deductions will not be eliminated, mark my words. The tax base will be broadened, again, Mark these words. 50% pay no federal income tax and usually receive most of the benefits, this too is going to change.

[SkyPilot]

All deductions will not be eliminated, mark my words. The tax base will be broadened, again, Mark these words. 50% pay no federal income tax and usually receive most of the benefits, this too is going to change.

I hope you're right.

Have a nice weekend Neo!

[Amendment10]

"The 17th amendment is here to stay."

With all due respect Neoliberalnot, it was also said that Pres. Trump was unelectable.

"The big problem rests with the high tax states that avoid paying their fair share of federal taxes."

Are you aware that a previous generation of state sovereignty-respecting Supreme Court justices had clarified that Congress is prohibited from appropriating taxes in the name of state power issues, essentially any issue that Congress cannot justify under its constitutional Article I, Section 8-limited powers?

"Congress is not empowered to tax for those purposes which are within the exclusive province of the States."—Justice John Marshall, Gibbons v. Ogden, 1824.



So a very high percentage of federal taxes are unconstitutional imo, a consequence of 17A and a corrupt Senate.

In fact, the Court had also previously clarified that the states have never expressly constitutional delegated to the feds the specific power to regulate, tax and spend for INTRAstate healthcare issues. So Obamacare is unconstitutional regardless what lawless Obama’s activist justices want everybody to think imo.

"State inspection laws, health laws, and laws for regulating the internal commerce of a State, and those which respect turnpike roads, ferries, &c. are not within the power granted to Congress [emphases added]." -Gibbons v. Ogden, 1824.

If anybody can clean up the swamp, it’s Pres. Trump. But we need to give him a Congress that will support him in 2018.

We also need to repeal 17A to make Trump’s vision for MAGA basically permanent.

[Neoliberalnot]

I don’t disagree with anything you wrote. I just said the 17th amendment will not be repealed. I did not write that it shouldn’t.

[Neoliberalnot]

I will have a nice weekend (deer hunting) and you too. I’m glad you realize. I am not the enemy. I’m to the point that I would accept a peaceful separation of the red and the blue states, or better yet, the red and blue areas. For example, I know their are many fine conservatives in many parts of CA.

[Amendment10]

"I just said the 17th amendment will not be repealed."

It’s up to patriots to enlighten their state lawmakers and Pres. Trump that corrupt Congress is effectively stealing state revenues by mean of unconstitutional federal taxes, taxes that Congress cannot justify under its constitutional Article I, Section 8-limited powers.

Then the clock will be ticking on 17A imo. The 16th Amendment can disappear too.

[DoodleDawg]

The tax base will be broadened, again, Mark these words. 50% pay no federal income tax and usually receive most of the benefits, this too is going to change.

Duly marked. Unfortunately I think you're mistaken in that.

[JayGalt]

It is unfair for the blue states to be subsidized by the rest of America many of whom, by the way, are not making ends meet any better.

Rather than complaining that their subsidies are vanishing they should be getting ready to contribute to the groundswell of people in their state demanding more fiscal responsibility and less Government graft & handouts. If other states are able to run tighter ships NJ etc should be able to do that as well and would be stronger & more prosperous if they did.

BTW I live in NJ so if the middle class in blue states take a hit so will I.

[JayGalt]

https://www.fool.com/retirement/2017/03/12/the-average-americans-tax-deductions-by-income.aspx

The largest deductions used by most Americans are in these four categories:

Medical expenses in excess of 10% of AGI (7.5% for taxpayers over 65)
State and local income taxes paid
Mortgage interest
Charitable contributions

Each year, the IRS releases a breakdown of data from the tax returns it processes. Recently, the agency released its preliminary data for the 2015 tax year -- that is, the tax returns filed and processed in 2016. So, here's the latest picture of how large the average American taxpayer's deductions are. It's important to note that only about 30% of taxpayers choose to itemize deductions on their tax returns, with the rest opting for the standard deduction instead. These figures may be useful to offset against areas where taxation is reduced suc.h as the raised thresholds purposed

Also, these are the averages among itemized returns that claimed each type of deduction. For example, only 19% of itemized returns claimed a deduction for medical expenses, and of those returns that claimed the deduction, these are the average amounts that were claimed.